Fri Jan 24 15:20:00 UTC 2025: ## Oklo Inc. Stock Surges 7.7% on Analyst Upgrade and Institutional Buying

**Santa Clara, CA – January 23, 2025** – Oklo Inc. (NYSE: OKLO), a developer of fission power plants and nuclear fuel recycling services, saw its stock price jump 7.7% to $26.09 on Monday. Trading volume, however, was down 13% from the average. The surge follows recent positive analyst reports and significant institutional investment.

Citigroup boosted its price target on Oklo to $31.00 from $10.00, maintaining a neutral rating. Wedbush initiated coverage with an “outperform” rating and a $26.00 price objective.

Despite the positive market movement, Oklo CEO Jacob Dewitte sold 230,569 shares on December 20th at an average price of $21.61, reducing his ownership by 1.81%. Conversely, Director Richard Kinzley purchased 5,000 shares on December 23rd at $19.95 per share.

Several institutional investors also increased their holdings in Oklo during the third quarter, including DRW Securities LLC, Zurcher Kantonalbank Zurich Cantonalbank, UBS AM, Portland Investment Counsel Inc., and Atom Investors LP. Currently, 85.03% of Oklo’s stock is owned by institutional investors.

While Oklo’s stock performance is positive, MarketBeat notes that the company is not among the top five stocks recommended by their top-rated analysts. The firm maintains a Moderate Buy rating among analysts overall. The company’s 50-day simple moving average is $22.69, and its 200-day simple moving average is $14.98.

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